You Purchased a Put with a Strike Price of $37

question 30

Multiple Choice

You purchased a put with a strike price of $37.5 and an option premium of $.45. You simultaneously bought the stock at a price of $36 a share. What is your profit per share on these transactions if the stock price at expiration is $33.50 a share?

• A)−$1.15
• B)−$.15
• C)$.15
• D)$.75
• E)$1.05

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